Daily commodity trading market report 23 may -2014 by epic research
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Transcript of Daily commodity trading market report 23 may -2014 by epic research
YOUR MINTVISORY Call us at +91-731-6642300
23rd MAY 2014
DAILY COMMODITY REPORT
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COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE OI (in lots)
GOLD 5-Jun-14 27300 27520 27100 27241 7734
SILVER 5-Jul-14 41000 41454 40833 40976 13004
COPPER 30-Jun-14 408.8 409.9 405.45 407.45 17223
CRUDEOIL 19-Jun-14 6130 6130 6075 6083 7901
LEAD 30-May-14 123.8 124.05 122.8 123.3 2980
NICKEL 30-May-14 1148.4 1159.1 1130 1150.8 7293
NATURALGAS 27-May-14 263.5 263.5 254.1 254.7 5123
ZINC 30-May-14 121.45 121.9 120.6 121 2194
ALUMINIUM 30-May-14 102.1 103.15 101.7 102.75 6833
DAILY MARKET WRAPUP
METAL TONNES IN STORAGE
ALUMINIUM -9475
COPPER -1750
LEAD -100
NICKEL -348
ZINC -5300
LME WAREHOUSE STOCKS ( 22-MAY- 2014)
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COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
CRUDE OIL (WTI) USD/BBL. 103.76 +0.02 +0.02% Jul 14
CRUDE OIL (BRENT) USD/BBL. 110.37 +0.01 +0.01% Jul 14
RBOB GASOLINE USD/GAL. 300.60 +0.02 +0.01% Jun 14
NYMEX NATURAL GAS USD/MMBTU 4.37 +0.01 +0.21% Jun 14
NYMEX HEATING OIL USD/GAL. 295.30 +0.23 +0.08% Jun 14
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
COMEX GOLD USD/T OZ. 1,294.70 -0.30 -0.02% Aug 14
GOLD SPOT USD/T OZ. 1,294.88 +0.78 +0.06% N/A
COMEX SILVER USD/T OZ. 19.44 -0.09 -0.44% Jul 14
COMEX COPPER USD/LB. 314.25 +0.05 +0.02% Jul 14
PLATINUM SPOT USD/T OZ. 1,486.75 -4.38 -0.29% N/A
INTERNATIONAL MARKETS
ENERGY COMMODITY FUTURES
PRECIOUS AND INDUSTRY METALS
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MOST ACTIVE CONTRACTS
Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)
SILVERMICRO 30-06-2014 40991.00 3,29,23,97,120.00 80,320
NATURAL GAS 27-05-2014 254.60 1,17,45,207.20 46,132
CRUDE OIL 19-06-2014 6087.00 26,05,47,948.00 42,804
NICKEL 30-05-2014 1151.80 4,84,65,440.40 42,078
SILVER M 30-06-2014 41000.00 1,59,86,72,000.00 38,992
COPPER 30-06-2014 407.45 1,38,31,705.15 33,947
NICKELMINI 30-05-2014 1151.30 3,39,29,962.30 29,471
COPPERMINI 30-06-2014 407.50 1,01,09,260.00 24,808
SILVER 05-07-2014 40962.00 97,56,32,916.00 23,818
GOLD M 05-06-2014 27342.00 65,03,56,812.00 23,786
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COMMODITY EXPIRY SUP.2 SUP.1 PIVOT RES.1 RES.2
ALUMINIUM 30-May 101.08 101.92 102.53 103.37 103.98
COPPER 30-Jun 403.15 405.30 407.60 409.75 412.05
CRUDEOIL 19-Jun 6041 6062 6096 6117 6151
GOLD 5-Jun 26867 27054 27287 27474 27707
LEAD 30-May 122.13 122.72 123.38 123.97 124.63
NATURALGAS 27-May 248.03 251.37 257.43 260.77 266.83
NICKEL 30-May 1117.5 1134.2 1146.6 1163.3 1175.7
SILVER 5-Jul 40467 40721 41088 41342 41709
ZINC 30-May 119.87 120.43 121.17 121.73 122.47
INTRADAY SUPPORT AND RESISTANCE
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TODAY,S COMMODITY NEWS
COMMODITY HEADLINES Gold tanks to 10-month low as RBI eases import curbs.
Gold futures edge up on global cues.
RBI relaxes gold import norms.
Lead gains 0.44% on global cues, spot demand.
Nickel extends weakness on global cues; low demand.
Zinc softens by 0.24% on global cues.
Chana rebounds 0.35% as demand picks up.
Crude palm oil extends gains on rising demand.
Refined soya oil extends gain on rising demand.
Crude oil futures down 0.28% on weak Asian cues.
Brent rises above $108 on renewed Ukraine tensions.
Crude oil futures up 0.4% on global cues.
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SPECIAL NEWS The advance figure for seasonally adjusted initial claims in US
was 326,000for the week ending 17th May 2014, an increase of 28,000 from the previous week's revised level, the latest data from the US Department of Labor showed. The previous week's level was revised up by 1,000 from 297,000 to 298,000. The four week moving average was 322,500, a decrease of 1,000 from the previous week's revised average. The previous week's average was revised up by 250 from323,250 to 323,500 .
Coffee output in Central America will continue to get affected following an outbreak of coffee rust in 2014-15. The output from El Salvador, Mexico and Costa Rica will be hit severely, according to a latest update from US Department of Agriculture (USDA). Mexico, where the outbreak of the virulent fungus proved relatively mild, will see some recovery in output. But the revival will be limited to 100,000 bags, taking output to 3.90m bags, USDA foreign staff said in their first forecast for the harvest. In El Salvador, output will rebound by 168,000 bags,
COMMODITY BUZZ MCX Gold futures failed to recovery much even as global
prices edged up above $1300 per ounce mark. The local futures sustained selling pressure after a massive correction last night. COMEX gold futures slipped well under $1300 yesterday after the US FOMC minutes but witnessed a renewed buying spree today. The news reports stating that India has eased some gold import curbs led to continued weakness in the metal in local markets.
Copper prices have recovered on MCX as World Bureau of Metal Statistics (WBMS) has reported deficit in world markets. As per the report of WBMS, the copper market recorded a deficit of 127000 tonnes in January to march 2014 which fol-lows a surplus of 396000 tonnes in the whole of 2013.Reported stocks of Copper fell by 26.1 kt during over the quarter. No al-lowance is made in the consumption calculation for unre-ported stock changes, particularly in the Chinese government stockpile.
COMMODITY BUZZ AND ECONOMIC EVENTS
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EPIC RESEARCH– ANALYST SPEAKS
GOLD GOLD MCX Short term trend is DOWN, Immediate support @ 27150 Immediate Resistace @ 28520 Today GOLD MCX Closed @ 27241. Yesterday Intraday Range of GOLD MCX was 420. Open Interest was down –9.35 %, Volumes were 19330 lots. For today
Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.
BUY GOLD ABOVE 27350 TGT 27430,27530 SL BELOW 27250 SELL GOLD BELOW 27100 TGT 27020,26920 SL ABOVE 27200
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EPIC RESEARCH– ANALYST SPEAKS
SILVER
SILVER MCX Short term trend is DOWN, Immediate support @ 40700 Immediate Resistace @ 41150 Today SILVER MCX
Closed @ 40976. Yesterday Intraday Range of SILVER MCX was 621 .Open Interest was down –3.78 %, Volumes were 23694 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.
BUY SILVER ABOVE 41150 TGT 41350,41650 SL BELOW 40850 SELL SILVER BELOW 40700 TGT 40500,40200 SL ABOVE 41000
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EPIC RESEARCH– ANALYST SPEAKS
DHANIYA
Dhaniya jun daily chart is consolidating in a range. trend is bullish Momentum indicator RSI is below mid range Im-mediate support @ 9460 & Immediate resistance @ 9420.
BUY DHANIYA JUN ABOVE 9460 TGTS 9490,9540 SL 9410
SELL DHANIYA JUN BELOW 9420 TGTS 9390,9340 SL 9470
RESISTANCE 2 9545
RESISTANCE 1 9629
PIVOT 9402
SUPPORT 1 9349
SUPPORT 2 9259
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EPIC RESEARCH– ANALYST SPEAKS
GUARSEED
Guarseed may daily chart, consolidating in support level expecting from here onwards guarseed price may go up
Momentum indicators RSI is below mid range. In intraday basis immediate support @ 5200 & immediate resistance @ 5280.
BUY GUARSEED JUN ABOVE 5280 TGTS 5310,5360 SL 5230
SELL GUARSEED JUN BELOW 5200 TGTS 5170,5120 SL 5250
RESISTANCE 2 5345
RESISTANCE 1 5375
PIVOT 5233
SUPPORT 1 5187
SUPPORT 2 5123
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FRIDAY, MAY 23
TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS
11:30 EUR GERMAN GDP (QOQ) 0.8% 0.8%
13:30 EUR GERMAN IFO BUSINESS CLIMATE INDEX 110.9 111.2
18:00 CAD CORE CPI (MOM) 0.2% 0.3%
19:30 USD NEW HOME SALES 425K 384K
TODAY’S ECONOMIC EVENTS
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23rd MAY 2014
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